Home Savers

 

 

Home Savers Loan 

Build Your Down Payment. Build Your Future. 

The dream of homeownership may be closer than you think. If saving for a down payment feels impossible, you're not alone. Rising housing costs and everyday expenses make it difficult for many people to set money aside for a future home purchase. That's why we've created the Home Savers Loan. 

This unique program helps you build the funds you need for a down payment while receiving guidance from our experienced lending team every step of the way. 

 

More Than a Loan

The Home Savers Loan is designed to prepare you for successful homeownership. When you participate in the program, you'll receive education and support related to: 

  •  Credit improvement/repair 
  •  Budgeting and saving 
  •  Homeownership readiness 
  •  Understanding the mortgage process 
  •  Down payment and closing cost planning 

Our lending team will work alongside you to help create a path toward homeownership that fits your financial situation. 

 

Who Is This Program For?

The Home Savers Loan may be a great fit if: 

  • You're renting and want to purchase a home. 
  • You need help saving for a down payment. 
  • You're planning to purchase a home within the next few years. 
  • You want to build or strengthen your credit history. 
  • You're looking for guidance on the home-buying process. 

 

Home Savers Loan Details

  • Competitive 5.00% APR* 
  • Loan amounts based on your individual homeownership goals 
  • Terms available from 1 to 60 months 
  • Funds secured in savings until the loan is paid in full 
  • Debt Protection options available 
  • Personalized support from our lending professionals 

 

How It Works 

  1. Apply for a Home Savers Loan. 
  2. We determine how much you need to save based on your homeownership goals. 
  3. The loan proceeds are deposited into a savings account and held securely. 
  4. You make affordable monthly loan payments. 
  5. Once the loan is paid in full, the savings are released to you. 
  6. Use your funds toward a down payment and other home-buying expenses. 

Rate: 5.00% APR* 

 

Eligibility Requirements

To qualify, applicants must: 

  • Be at least 18 years old 
  • Be a credit union member (membership can be established during the application process) 
  • Have a source of income, or apply with a qualified joint applicant 
  • Complete a Homeownership Education Course prior to loan disbursement 

 

Ready to Take the First Step? 

Homeownership starts with a plan, and we're here to help you create one. 

Whether you're just beginning to think about buying a home or you're actively preparing for a purchase, the Home Savers Loan can help you build the savings and confidence needed to reach your goal. 

 

or TEXT US at 315-343-7822

 

Turn your dream of homeownership into reality with the Home Savers Loan. 

 

*APR is Annual Percentage Rate 

Monthly loan amount example: 
A $5,000 loan for 36 months at 5% APR* will have a monthly payment of $145.63.